5, RISEWAY CLOSE, NORWICH, NR1 4NJ - £250,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 RISEWAY CLOSE is a very small detached house of 65m², built sometime between 1950 and 1966, which could now be worth an estimated £292,713. It was last sold for £250,000 in May 2019, which was around 37% below the average May 2019 detached price in the Norwich local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was B.

5 RISEWAY CLOSE Sold Prices

Land registry data shows two sales for 5 RISEWAY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. Both of the two 5 RISEWAY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 31 MAY	£250,000	£394,652	37% below HPI
2012 16 NOV	£142,000	£276,448	49% below HPI

5 RISEWAY CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The two 5 RISEWAY CLOSE sales from November 2012 and May 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the November 2012 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the May 2019 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 5 RISEWAY CLOSE be worth now?

5 RISEWAY CLOSE might now be worth an estimated £292,713.

This is based on house price inflation of 17.1%, between May 2019 and February 2025, for detached houses, in the Norwich local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 17.1% inflationary increase is applied to the most recent sale price for 5 RISEWAY CLOSE of £250,000 on 31st May 2019. For the value to have increased from £250,000 to £292,713 over the six years and three months to February 2025, the following assumptions must hold true:

• The value of 5 RISEWAY CLOSE has moved in line with the HPI for detached houses in the Norwich local authority area.
• The May 2019 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 5 RISEWAY CLOSE has not materially changed since May 2019.

How Large is 5 RISEWAY CLOSE?

5 RISEWAY CLOSE is 65m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 5 RISEWAY CLOSE lies on this distribution: 5% of detached houses houses are smaller than 5 RISEWAY CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 RISEWAY CLOSE: Plot and Title Map

5 RISEWAY CLOSE sits on a plot of roughly 0.074 of an acre, or 301m². The below map shows the location of 5 RISEWAY CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 RISEWAY CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 RISEWAY CLOSE?

5 RISEWAY CLOSE is located in NORWICH, in the NR1 postcode district. The below map shows the position of No. 5 on RISEWAY CLOSE.